This documentation of best practices offers a comprehensive account of how FP has adopted a structured and robust Business Continuity Management (BCM) framework to protect its people, operations, and reputation.
In eBook 1, Understanding the Organisation, the groundwork was laid by establishing a clear understanding of FP’s core business functions and the environment in which it operates.
Beginning with an introduction to BCM within the FP context, the chapter detailed the significance of aligning continuity efforts with the organisation’s strategic direction.
By defining specific BCM goals and objectives, FP ensured that continuity efforts are targeted, measurable, and relevant.
Equally critical was the formulation of BCM assumptions, which guided planning by identifying key constraints and expected scenarios.
A solid foundation was established through the composition of the BCM team, which assembled cross-functional expertise to lead and execute the initiative.
Additionally, an analysis of FP’s operating environment enabled the BCM team to tailor strategies that reflect the unique regulatory, physical, and business contexts in which FP operates.
FP adopted a proven BCM planning methodology aligned with international best practices. This methodical approach ensured that each phase of planning, risk identification, strategy formulation, and recovery planning was undertaken systematically and with accountability.
The organisation’s risk and threat assessment was a cornerstone of the BCM process. By identifying potential disruptions, from cyber threats to natural disasters, FP prioritised its preparedness activities.
Most crucially, this included identifying critical business functions (CBFs), ensuring that the most essential operations receive priority in continuity and recovery efforts.
This eBook highlights that BCM is more than just a compliance exercise.
For FP, it represents a cultural shift, an organisation-wide commitment to resilience and agility. Through collaboration, structured planning, and continuous learning, FP has embedded business continuity into the fabric of its operations.
Looking ahead, the continuity journey will not end here. Regular reviews, simulations, and updates will be crucial for adapting to emerging threats and evolving business priorities.
With a resilient foundation now in place, Frasers Property is better positioned to safeguard its business interests, maintain stakeholder trust, and thrive in the face of uncertainty.
Ensuring Continuity: BCM Best Practices for Frasers Property |
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